Lapidos joins Aria Development as head of asset management

Aria Development Group, a leading real estate investment and development firm, announced that Rick Lapidos has recently joined as managing director, head of Asset Management. Lapidos will be responsible for overseeing Aria’s asset management program to optimize the financial performance of properties across multiple states, working closely with internal and external stakeholders. Before joining Aria, Lapidos held several asset management leadership positions with Taconic Partners, Carmel Partners and The Dermot Company.

"Rick is an exceptional addition to our team, and we are thrilled to have him as the new Head of Asset Management,” said Josh Benaim, founder and CEO of Aria, “His extensive experience in institutional real estate asset management, particularly in the multifamily sector, makes him an invaluable addition as we scale the platform. We are excited to see Rick’s impact as he leverages his skills and passion to achieve outstanding results.”

Aria Development Group has developed or is currently developing more than 4,000 institutional-caliber apartments across the United States. As these multifamily projects are completed, Aria has developed a specialization in achieving high lease-up velocity and stabilization through Aria Residentia. Lapidos' strategic mindset and deep sector experience will enable him to drive financial performance in multifamily lease ups and maximize value for our growing portfolio of stabilized properties. As Aria continues to invest in compelling value opportunities driven by market turbulence, Lapidos' analytical acumen combined with his extensive value add and turnaround expertise are sure to contribute to Aria’s track record of disciplined execution.